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Laxman Pai, Opalesque Asia:

European private equity house Waterland has hauled in €4bn ($4.4bn) of new capital across its ninth institutional flagship fund, Waterland Private Equity Fund IX (WPEF IX) at € 3.5 billion, alongside Waterland Partnership Fund I (WPF I) at € 500 million.

WPEF IX expects to make investments in medium-sized companies in fragmented growth markets in Europe to finance organic and acquisitive growth. WPF I expects to make minority investments in a very select number of Waterland portfolio companies when these are exited.

The Netherlands-based private equity firm closed at their respective hard caps four months after the initial launch. The fundraise attracted commitments from world-class institutional investors globally.

Both funds were oversubscribed with demand "significantly exceeding the fundraising targets," a press release from the PE group said.

The investor base for both funds is well diversified by geography, consisting of investors across Europe, North America, the Middle East, and Asia Pacific. By investor type, it consists of asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations, and family offices, amongst others.

According to the release, WPEF IX expects to make investments in medium-sized companies in fragmented growth markets in Europe to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build invest......................

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